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Course No: 151922

Revenue Recognition and Performance Obligations

$20

  • Credits: 1.0
  • Program level: Overview
  • Prerequisites: None

Field of Study: Accounting

Course Description

This course provides an overview of the second step in the revenue recognition process – the identification of performance obligations. This includes a discussion of key definitions and considerations along with the detailed accounting guidance from ASC Topic 606. This course incorporates excerpts from the FASB’s basis for conclusions as well as post-implementation information provided by the FASB from its comprehensive Q&A Publication.

Learning objectives

  • List the five steps involved in the new revenue recognition model
  • Recognize the criteria involved in identifying performance obligations
  • Identify post-implementation issues and considerations provided by the FASB

Advance preparation: none

Course Material: Online Material

Type of delivery method: QAS Self-study

Final examination expiration date:

The program participant will have one year from the date of purchase to complete the course and final examination.

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Web CPE is registered with the IRS to provide Continuing Education (CE) programs to the Enrolled Agents and other tax return practitioners.

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